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    <description>Amendments to the Foreign Exchange Management (Transfer or issue of Security by a Person Resident outside India) Regulations, 2000 omit specified provisos and preceding commas in Regulation 5: the proviso in sub regulation (2); the provisos and preceding commas in clauses (i) and (ii) of sub regulation (3); and the proviso in sub regulation (5). The notification is made under the Reserve Bank of India&#039;s powers under the Foreign Exchange Management Act and commences on publication in the Official Gazette.</description>
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